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Home>>Business

13:26 Jul 07 2008

OPEC president predicts further rise in oil prices

Oil prices are likely to rise further largely due to a weak dollar and geopolitics, Chakib Khelil, president of the Organization of the Petroleum Exporting Countries (OPEC), said Sunday.

Housing crisis behind homelessness in Australia

A new report revealed on Sunday that expensive housing, debt and unexpected financial problems are key factors behind homelessness in Australia.

Beijing overhauls Olympics-related ads, bans non-sponsoring drinks at Olympic venues

Beijing is to overhaul advertisements in the city to ban any unauthorized use of Olympics logos in ads.

China

World

　Macro-Economy

　Americas

• Chinese bank expects inflation to peak in 2009
• Beijing overhauls Olympics-related ads, bans non-sponsoring drinks at Olympic venues
• China's external debts reach $392.59 bln in March
• Global, local factors could drive China grain prices higher
• China's Calm Response to High Oil Prices
• Govt might scrap crude oil import subsidies

• NBC Universal, private firms buy Weather Channel for $3.5b
• GM to speed decision on mini car for U.S. market
• Google launches privacy link to quiet critics
• U.S. investor: Oil reserve decline is major reason behind oil price hike
• Brazilian mining giant announces global offering
• IMF: Food-fuel surge puts poor countries at "tipping point"

　Trade

　Europe

• Overseas-funded banks in China own $193 bln in assets
• Private Equity Q2 investment in China up 10.7%
• Chinese investment in UK grows fast
• New foreign investment projects mostly in Shanghai this year
• Cosmetics brand has high hopes for China
• WSJ:Largest U.S. pork processor to sell 5% stake to Chinese firm

• OPEC president predicts further rise in oil prices
• World Bank report: Biofuels force food prices rise by 75%
• Societe Generale heavily sanctioned over financial scam
• Russia's economic growth remains robust
• Switzerland seizes more false euro bills in 2007
• British households worse off by 15%

　Industry

　Africa

• China's state assets commission says to inject capital to quake-hit state firms
• Coal prices smothering profits at east China power plants
• HK, Guangdong agree to co-op on modern information service industry
• China's Baosteel agrees with BHP Billiton on iron ore price increase
• Sinopec denies cancellation of state refinery subsidies, tax rebates
• Asia's largest A380 hanger put into use

• Central African region to record strong economic growth in 2008
• Angola welcomes foreign investments in oil industry
• World Bank, Togo launch infrastructure rehabilitation project
• Kenya to hike electricity tariffs by 21% amid protests
• Projects by African diaspora receive funding
• IMF warns Tanzania on oil price rise impact

　Finance

　Asia/Oceania

• China's yuan hits new high against U.S. dollar
• China Merchants Bank forecasts doubled H1 net profit
• Economist: China should be alert to stagflation risks in fighting inflation
• Hong Kong stocks end higher with rebound in major blue chips
• London confident on having 100 Chinese companies listed by 2010
• Chinese shares close mixed, energy stocks fall

• Canon to build new camera factory in Nagasaki, Japan
• Senior Arab official warns of oil price hike if Iran attacked
• UAE telephone tariffs likely to be lowered in 2009
• Housing crisis behind homelessness in Australia
• Iran's inflation rate over 26 percent
• UAE company gets 625 mln USD to finance share acquisition of Japan's Cosmo Oil

　Features

The 4th China-US Strategic Economic Dialogue

China-EU High Level Economic And Trade Mechanism

The Second 10+3 Media Cooperation Forum

Food safety in China

The first 10+3 Media Cooperation Forum

China-US Business Forum will be held at the Great Hall of the People, Beijing, on Feb. 14-15, 2006.